North West firm Tactus Group secures £13m to fuel its next growth phase
Warrington-based ecommerce group Tactus has secured £13m to accelerate its investment in its technology and team.
The £13m funding package from Santander UK is the third funding round for the company in 2021, after raising £40m from Chrysalis Investments in August and £12.5m investment led by Arete Capital Partners in April.
The new funding will be used to further invest in and grow its team, develop its technology platform and improve its operational capabilities.
Tactus will also use the funding to support its expanding global supply chain and customer base, including its recent partnership with German ecommerce platform Notesbooksbilliger (NBB).
Scott Brenchley, CEO of Tactus, said: “As a scaling technology group, Tactus is committed to building a team of people who know the industry and move quickly to influence and transform our markets. We also recognise the need to drive innovation by consistently investing time, money, and ideas into developing the brands and platforms that we have created in order to revolutionise the way people buy and use tech. Ongoing support from partners and stakeholders is invaluable to making that a success, so this funding package from Santander UK will be crucial to the future of the business, and the people that make it.”
Charlotte Lees, Director, Strategic Debt Solutions, Santander UK, added: “Tactus has grown exponentially over the past two years, and we’re delighted to help fuel its next growth phase through this funding package. Both acquisitive and growing organically, Tactus has a global footprint that’s highly complementary to Santander UK’s own, making us the ideal funding partner, and we look forward to working together over the years to come.”
DSW Debt Advisory advised Tactus on the transaction, while Hill Dickson provided legal advisory. Addleshaw Goddard advised Santander UK on the deal.